News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.

Dec 26, 2024 · Markets appeared to instead react to signals of a still-robust economy illustrated by consumer sentiment readings earlier this month and signs of spending leading up to the holidays.. Yields of 10-year Treasurys, which influence the direction of mortgage rates, reflected the sentiment, increasing to 4.63% on Thursday morning compared to …

Dec 24, 2024 · After reports of system hacks and related crises arrived with alarming frequency in 2023, cyber crimes appeared to tail off over the past 12 months. The effects of a year some mortgage companies would prefer to forget lingered, though, leading to rollout of new rules and the likelihood of increased prevention costs, with perpetrators taking no breaks as they look for new ways to commit fraud.

Jan 8, 2025 · The risk for serious delinquency on conforming mortgages increased between the second and third quarters primarily due to a projected slower pace of home price appreciation (and even in some markets depreciation) going forward, an analysis by Milliman found. The Milliman Mortgage Default Index is an ...

Mar 4, 2024 · Headquarters: Tucson, Arizona Number of employees: 154 Website: theloanstore.com The 11-year-old company last spring purchased Home Point's wholesale business and is helmed by Home Point's former president of originations, Phil Shoemaker. The Loan Store offers a traditional suite of loan products, home equity line …

Dec 23, 2024 · United Wholesale Mortgage was accused by Hunterbrook, a venture capital-backed outlet, of holding brokers captive via its All-In Initiative and overcharging borrowers by hundreds of millions of dollars.A suit related to the investigation followed soon after. The lengthy article and its attached research points to over 8,000 independent mortgage brokers who sent 99% or more of their loans to ...

Dec 23, 2024 · The Mitchell Group was an "enthusiastic partner" in the kickback scheme and allegedly referred thousands of clients to Rocket and Amrock.Some of these referrals were egged on by the promise that agents referring the most business to Rocket would receive a $250 gift card, the CFPB claims.

Jan 3, 2025 · National mortgage lender Rate bolstered its reverse mortgage operations, naming Jesse Allen as president of the division. Rate also added Greg Pahel as executive vice president, consumer-direct reverse lending. Both executives will be responsible for supporting the Chicago-based company's reverse mortgage ambitions, leading the unit's growth and expansion.

Jan 3, 2025 · Meanwhile, Finance of America saw volume fall by more than a third, or 33.8%, to 5,946 last year compared to 8,981 in 2023, when it received approval for its acquisition of the previous long-time leader in the space, American Advisors Group.. The change at the top occurred despite the merger between two lenders that, combined, far outpaced their competitors in endorsement volume earlier this ...

Jan 8, 2025 · The company revealed details behind its planned merger with technology firm Neat Labs on Tuesday and intends to integrate its proprietary originations tool into its own operating platform, now known as LowerOS. Previously based in Boulder, Colorado, Neat Labs has been behind the origination of over $1 billion in loans since its 2015 inception, with closing coming in as fast as 10 days, it claimed.